Just one year after securing more than £2.1 million through its second equity crowdfunding campaign on Seedrs, UK-based hosting management service Airsorted has returned to the funding portal to raise £1 million.
As previously reported, Airsorted claims it makes hosting on Airbnb “hassle-free” by using technology to create an infrastructure for the sharing community. The company provides a 360-degree service that looks after the management of host properties to make the experience seamless for both hosts and their guests. Services include listing creation with professional photography, maintenance and laundry, and restocking of household items and 24/7 guest support.
“Our mission is to make hosting hassle-free for everyone. We market our hosts’ homes for short-lets, then look after guests from start to finish. Renting out your home can be a hassle – from dealing with guest inquiries to cleaning and arranging key exchanges – especially if you are away or out of the country yourself.”
Due to the campaign being convertible, Airsorted reported that the latest investment round includes £250,000 being invested by Concentric Capital by way of Convertible Loan Notes. The convertible loan notes have some terms that differ from the Seedrs Advanced Subscription Agreement. In regards to what the funds from the latest round will be used for, the Airsorted team stated it would be used for continuous growth and product development. The team then added:
“We built technology that enables us to look after the homes and guests of thousands of hosts, in multiple cities around the world. Our tech focus means that as far as we know Airsorted has the best technical product in the market. We have built tools to help deliver operational efficiency, automating as much as possible from scheduling cleans and linen delivery through to setting smart pricing to boost occupancy rates. We want to develop more apps and tools to make it easier for ours hosts to earn more from their property.”
Since its launch, the campaign has secured more than £870,000. It is set to close later this spring.
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